Liverpool ready to acknowledge that best way forward is to stay at home

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FSG is satisfied that the capacity of Liverpool’s spiritual home can be increased from 45,000 to 60,000Keith Williams/Action Images

Tony Barrett

Last updated at 12:01AM, October 15 2012

Liverpool will confirm today their intention to remain at a redeveloped Anfield after shelving plans to build a new stadium at an estimated cost of £350 million on nearby Stanley Park.

Fenway Sports Group (FSG), Liverpool’s owner, has long favoured the more cost-effective option of expanding Anfield rather than committing to the ambitious new-build plans it inherited on the takeover of the club two years ago today.

The proposals to move to a new site on Stanley Park have appeared unfeasible in the present financial climate and, after conceding defeat in their search for a naming rights partner willing to